August 7, 2009

Our Congress - a little known fact

From PolitiFact:
Public Citizen gets it right about insider trading rules
Little known fact: Members of Congress are exempt from rules that prevent insider trading.

Or so says the left-leaning advocacy group Public Citizen in a July 10, 2009, e-mail sent to supporters.

"The federal government has finally got the message that it�s time for stronger oversight of Wall Street and the financial services sector. It�s also time to put an end to secret spending and insider trading," the e-mail reads. "A dangerous legal loophole still exists which allows members of Congress and high-powered executive branch appointees to exploit 'insider' knowledge of the financial industry in order to turn personal profit."
Yet another reason to vote the bums out of office. Wonder what other wonderful nuggets are lurking out there... Posted by DaveH at August 7, 2009 9:07 PM
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